NVIDIA Corporation (NVDA): Today's Featured Electronics Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NVIDIA Corporation ( NVDA) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.3%. By the end of trading, NVIDIA Corporation rose $0.23 (1.6%) to $14.63 on average volume. Throughout the day, 9,754,840 shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 9,758,500 shares. The stock ranged in a price between $14.19-$14.68 after having opened the day at $14.23 as compared to the previous trading day's close of $14.40. Other companies within the Electronics industry that increased today were: Hanwha SolarOne ( HSOL), up 16.2%, Trio-Tech International ( TRT), up 12.9%, GigOptix ( GIG), up 11.4% and MEMC Electronic Materials ( WFR), up 10.8%.
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NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $9.2 billion and is part of the technology sector. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7. Shares are up 21.7% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate NVIDIA Corporation a buy, 2 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates NVIDIA Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Cirrus Logic ( CRUS), down 19.5%, Kyocera Corporation ( KYO), down 7.4%, Wi-Lan ( WILN), down 6.5% and Daqo New Energy ( DQ), down 5.9% , were all laggards within the electronics industry with Avago Technologies ( AVGO) being today's electronics industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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